7th pay commission: The coming three weeks will be busy for central employees. Employees will wait till January 31. On this day, employees will get the first good news of 2024. The latest data of Dearness Allowance (DA) will be published. After this, a decision will be taken on how much dearness allowance the employees will get from January 2024.

This is good news. It is almost certain to get 50 percent dearness allowance. Because Dearness Allowance (DA) has only reached the previous figure. This is indicated by the huge increase in retail (CPI) and wholesale inflation (WPI). That the dearness allowance figure may also increase significantly.

AICPI will be held in December

From January 1, 2024, employees will get 50 percent dearness allowance. But at present even getting 51% cannot be ruled out. Because the December AICPI index numbers are still not available. In case of a sharp rise in the index, DA may reach 50.52 points.

In such a situation, dearness allowance can be 51%. But looking at the current trends, fifty percent is confirmed. An increase of 4% is almost certain. The picture will

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become clear only after waiting till January 31.

also increased in November

The data used to calculate dearness allowance of central employees has come out. AICPI index data for November 2023 has been released. A jump of 0.7 points has been seen in the index. The total score of dearness allowance has increased from 0.60 percent to 49.68 percent. This number is so certain. That in the coming days, central employees will get fifty percent dearness allowance. But analysts also did not deny that there is still an upside left. Retail and wholesale inflation are the highest. If AICPI also increases rapidly. So even an increase of 5 percent cannot be ruled out.

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After 50% DA=0

Central employees will get 50% DA from January 2024. But after this the dearness allowance will be reduced. After this the inflation calculation will start from zero. 50 percent Development Grant (DA) will be added to the basic salary of the employees. Suppose, the minimum basic salary of an employee is Rs 18 thousand. So fifty percent (nine thousand rupees) will be added to his salary.

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When does dearness allowance become zero?

Whenever the new pay scale comes into effect. Employees get DA. Which is added to their basic salary. Experts say. That 100% DA of the employees should be added to the basic salary, but it does not happen. Financial situation is troubling. In 2016, however, it was done. In 2006, 187 percent DA was being given in the sixth pay scale till December. The entire part of DA was merged into the basic pay. Therefore the sixth salary was 1.87. Then new pay bands and grade pay were also created. Despite this, it took three years to deliver.

Superfast News Coverage By YuvaPatrkaar.com Team

Publish Date: January 18, 2024

Posted By Sunil

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